Story of Rotimi Williams, making $70,000 with rice farming | Digital Boost Academy

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Rotimi Williams is an ambitious 41-year-old Nigerian entrepreneur and rice farmer. He is the founder and CEO of Kereksuk Rice Farm, located in Nasarawa State in Northern Nigeria, which currently is the second-largest commercial rice farm in Nigeria. He grew up in Lagos Island and schooled at Kings College in Lagos after which he proceeded to obtain his first degree in Economics at the University of Aberdeen, Scotland. He likewise obtained a master’s degree in the same course and at the same university. His quest for more knowledge led him to enroll for yet another master’s degree at the School of Oriental and African Studies, London where he gained an MSc. in Finance and Development Studies. Afterward, he landed a role as an analyst at the European Economics and Financial Centre in London in 2007 after which the Euromoney magazine employed him in 2008.
While at Euromoney, he had the opportunity to travel around a few African countries such as Kenya, Rwanda, Uganda, South Africa, Zambia and Ghana where he noticed that their widespread practice is Agriculture, and at the very core. After a few more trips, he decided to return to Nigeria and delve into the Agriculture space. Upon his arrival in Nigeria, he got a job at a premier bank, First City Monument Bank in 2008 where he was promised to sit on the agriculture desk, hoping that he would gain enough knowledge of the Nigerian agricultural industry and develop himself from there. Unfortunately, the agricultural desk at the bank never quite achieved its set goals even despite pushing hard for the bank to adopt policies and gain inroads into the agricultural industry. Frustrated, he left in 2010.
As his frustration grew, he decided to quit the job and go into agriculture with a partner. However, his decision led to a challenging sojourn as raising funds even together with his partner proved exceedingly difficult. They started a Structured Trade and Commodity Finance company. After a while, he started consulting for small agriculture companies seeking to raise capital both locally and internationally. But their effort proved abortive.
Two years passed with no funds still, and he decided to make an offer to a farm owner in Nasarawa that with a 50-50 split, he would develop the farm and find means to get funds to pay for the half property. The farmer agreed and he became part owner of 17,296 hectares of farmland. As time goes on, he continues to expand. He went through trials and errors in his course f experimenting his online self-taught knowledge on his farm, had a poor harvest, but was eventually able to properly restructure the rice farm. He later parted with his partner due to unaligned views and strategy. He got 45,000 hectares for himself in 2012 and today they have started producing, with their quality paddy being sold to major milling companies in Nigeria.